Stock Market

The depreciation of the US dollar and the surge in safe-haven demand amid economic and geopolitical concerns have been the primary catalysts for gold's remarkable rally.

As of May 20, 2025, listed companies' earnings reports revealed a promising outlook for the market. According to Agriseco, net profits for the year 2025 exhibited a significant growth of 16.47% compared to 2024. Moreover, excluding the banking group, total revenue plans indicated a remarkable surge of 13.75% year-over-year. These figures showcase the market's robust health and promising trajectory for the upcoming year.

After almost two months since the market took a hit with the US imposing tariffs on multiple countries, with a significant 46% imposed on Vietnam, the VN-Index has recovered and returned to its previous peak. However, numerous stocks continue to struggle, with the exception of a few standouts from the Vin family.

The interbank interest rates for VND witnessed a significant drop on February 5th, following a sharp rise the previous day. In a notable move, the State Bank of Vietnam once again raised the daily reference exchange rate by 35 VND.

"The recent announcement of China's plans to resume exports of urea and phosphate through Q3 2025 could temporarily ease global fertilizer prices. With China's selling prices currently lower than the global urea prices, this development may bring some short-term relief to the market."

PNJ, or Phu Nhuan Jewelry Joint Stock Company, has a new major shareholder in the form of T. Rowe Price Associates, Inc., a prominent American investment fund. This development comes on the heels of Dragon Capital's exit from the list of major shareholders, marking a significant shift in the company's investor landscape.

The VN-Index continued its upward trajectory, retesting the old peak formed in March 2025 (corresponding to the 1,320-1,340 range). Moreover, the trading volume maintained above the 20-day average, indicating positive signs of sustained cash flow participation. However, in the upcoming sessions, the VN-Index is likely to experience volatility as it retests this range. Currently, the MACD indicator has been signaling a buy since late April 2025. If this status quo persists, the short-term outlook for the index remains optimistic.

Mr. Dang Dinh Quyet, Deputy General Director of BCG Energy Joint Stock Company (UPCoM: BGE), has registered to sell 3 million BGE shares, reducing his ownership to 0.01%. This move comes as BGE's stock price has rebounded strongly after a sharp decline since its listing.

The Asia Commercial Joint Stock Bank (HOSE: ACB) has released an updated list of shareholders owning over 1% of its charter capital as of May 21, 2025. The list now includes the addition of the Employees Provident Fund Board.

"Unveiling the Movers and Shakers: A Glimpse at Vietstock's Top Stock Performers."